Removing Barriers Blog

California and Nevada House Members Write NCUA Regarding RBC2
Posted September 21, 2015 by Chandler Schuette

On Friday, a dozen U.S. House Members wrote the National Credit Union Administration expressing concern over the agency's RBC2 proposal.

Here is what the California and Nevada Credit Union League had to say on their blog:

This morning on Capitol Hill, Rep. Juan Vargas (D-Chula Vista) led 11 of his colleagues from California and Nevada in sending a letter to the NCUA raising on-going concerns with the agency's risk-based capital (2) proposal. The Vargas letter was initiated by a request from the CA & NV Leagues and was advocated as a top priority during the Leagues' Hike the Hill to Washington D.C. last week. The Leagues applauds the bi-partisan leadership of Congressman Vargas and thanks the 11 co-signers from our two state delegation: Representatives: Mark Amodei (R-Reno), Brad Sherman (D-Sherman Oaks), John Garamendi (D-Fairfield), Joe Heck (R-Henderson), Ami Bera (D-Sacramento), Julia Brownley (D-Ventura), Doug LaMalfa (R-Chico), Eric Swalwell (D-Livermore), Lucile Roybal-Allard (D-Downey), Pete Aguilar (D-Redlands), and Norma Torres (D-Ontario). Congressman Vargas is California's newest member of the House Committee on Financial Services. 

Kudos to the Leagues for organizing the letter and pushing the issue on their recent Hike the Hill.  It's an important example of the importance of the CUNA/League system in advocating for credit unions.